Texas homeowners are shocked as appraised home values soar. But experts say don’t panic just yet.
“Asking prices for homes are increasing beyond anything you have likely ever seen,” the Bexar Appraisal District officials
All Texans should remember that their actual property tax bill is based on two factors, said Dick Lavine, a senior fiscal analyst at the nonprofit Every Texan. The first is the taxable value of the home, which is based on the appraisal and can be adjusted via protest and various exemptions. The second is the tax rate set by local governments and other taxing units.
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